China’s Lithium Hydroxide Output Poised To Recover Further In June With Market Betting On Demand Recovery For High-Nickel Ternary Materials

Published: Jun 8, 2023 11:05

Source: SMM

Save

SHANGHAI, Jun 8 (SMM) – Below is SMM’s exclusive data on China’s lithium hydroxide output in May and forecast for June.

China’ lithium hydroxide output stood at 25,108 mt in May, up 7.4% MoM and 22% YoY. The production of some lithium hydroxide smelters recovered remarkably after being hindered by ore shortages, which more than offset output loss caused by maintenance at others. While rising industrial-grade lithium carbonate prices weakened the cost performance of causticisation process, the increase in outsourcing orders allowed the total output of causticisation-based lithium hydroxide to grow.

Market is betting on recovery of demand for high-nickel ternary materials this month. SMM estimates that China’ lithium hydroxide output will be 26,090 mt in June, up 3.9% MoM and 22% YoY.

Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

5 hours ago

Cost Push or Supply-Demand Restructuring?—The Real Logic Behind Iron Phosphate Price Increases in April

Iron phosphate negotiations in April were deadlocked, with offers hitting 13,000 yuan/mt. The price surge appeared raw-material driven, but in fact reflected pricing power shifting upstream after a reversal in supply-demand fundamentals. Downstream buyers cited “cost increases” to push back, yet conveniently forgot the upstream losses quietly absorbed over the past three years. This was never about simple cost pass-through—it was a restructuring of profit distribution across the chain.

5 hours ago

18 hours ago

Sungrow: The Global Energy Storage Market Is Expected to Grow by 30–50 in 2026

At a conference call on March 31, Sungrow stated regarding the company’s overall target plan for energy storage shipments in 2026 that the global market is expected to grow by 30–50 in 2026. With raw material prices rising, some projects were in a wait-and-see stage, but the demand should still exist and would only be deferred. The company will strive based on the upper end of market growth, hoping to achieve more than 60 Gwh.

18 hours ago

19 hours ago

SK Innovation E&S Launches Largest ESS Facility in New York

SK Innovation E&S has completed and begun operations of the largest energy storage system (ESS) facility in New York State. According to industry sources on the 31st, its subsidiary KCE launched the KCE NY 6 battery storage facility located on Electric Avenue in Blasdell, Erie County. The project, with a capacity of 20MW (45.6MWh), is the largest single ESS site constructed in New York at the time of its commissioning and is directly connected to the local power grid.

19 hours ago